Asset Value Reaches IDR 1 Billion, Bitcoin Holders Become Billionaires Suddenly

Furthermore, he said, the increase in Bitcoin prices was also influenced by United States interest rates. The prediction is that the US Central Bank or The FED will reduce interest rates and estimates are up to 75 basis points.

“Due to geopolitical conflicts that disrupt global trade activities, global supply chains are disrupted. This makes the global supply cost and delivery index weaken from 50.1 at the end of 2023, currently to 48.9. “Therefore, this makes investors flock to invest in Bitcoin,” said Oscar.

According to him, the increase in Bitcoin will usually be followed by an increase in altcoins, one example is Ethereum, as in previous halvings. This causes the emergence of altcoin seasons.

“With the increase in the value of BTC ahead of the halving period, it is possible that some investors who want to invest but have limited costs will tend to switch to buying altcoins which are more affordable. As a result, there is an increase in demand for altcoins and their prices increase accordingly. “Therefore, investors can also take advantage of this opportunity to increase their profits,” he explained.